Suppose a Firm Has Had the Historical Sales Figures Shown

question 26

Multiple Choice

Suppose a firm has had the historical sales figures shown as follows. What would be the forecast for next year's sales using the naïve approach?
$$\begin{array} { l l l c l l l } \text { Year } & 2013 & 2014 & 2015 & 2016 & 2017 \\\text { Sales } & \$ 50,000 & \$ 100,000 & \$ 110,000 & \$ 150,000 & \$ 165,000\end{array}$$

• A) $115,000
• B) $140,000
• C) $165,000
• D) $180,000

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Definitions:

Feminine

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Erik Erickson

A developmental psychologist known for his theory on the psychosocial development of humans, identifying eight stages from infancy to adulthood.

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A concept in psychology referring to the concern for establishing and guiding the next generation, often associated with middle adulthood.

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A period of little or no growth, development, or progress.